Understanding risks and its management is one of the most important skills of an investor. Such understanding enables us to know the difference between ?risks? and its adjective, ?risky.? It helps us avoid disasters in order to survive to invest again.

It was said that this is a book “that rolled down Wall Street like a hand grenade.” This book is about how we perceive luck into our personal and professional experiences. The financial market provided the best real-life laboratory whereby luck is often erroneously mistaken for skills. With that, the author poked fun at Wall Street and those who take themselves and their knowledge too seriously.
Often, we plan for the expected and get caught out by the unexpected. The understanding of the Black Swan concept is very crucial in avoiding fallacies that are, unfortunately, deeply entrenched in much of financial and economic thinking today. This book will challenge your thoughts on conventional risk management.